WA HB2093

Sales of precious metal bullion and monetized bullion are excluded from wholesale and retail sale classifications under Washington's business and occupation tax (Chapter 82.04 RCW)

Dealers selling precious metal bullion or monetized bullion are taxed only on commissions earned from customer transactions, not on the full sale price

Precious metal bullion includes smelted or refined gold, silver, platinum, rhodium, and palladium valued primarily by metal content rather than form

Monetized bullion covers coins or money made from precious metals used as legal tender, excluding items sold for jewelry or art manufacturing

Effective date: July 1, 2026